It's no surprise that the amount of digital data is expanding exponentially, and will continue to do so. Experts have talked about it, and we have reported it, for years now. Unfortunately, according to a recent study conducted by the Compliance, Governance and Oversight Council, companies aren't getting better at managing the information they have. The report revealed that though 98 percent of Fortune 500 executives who participated in the survey acknowledge that “rigorous discovery” and defensible disposal of information is the most powerful outcome of information governance efforts, very few are able to effectively dispose of data.
Chances are then, adding more data to the equation will only complicate matters unless companies take a different approach to information management. The Electronic Discovery Reference Model Information Management project and its offshoot, the Information Management Reference Model, may be the way to go.
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